50 - Next Stop for KO Short

Coca-Cola Company (The)NYSE

Description

⋅ Sep 25, 2023 7:53 AM

KO is now in the A-B-C Corrective Phase. Impulsive B wave can be a triangle, which was so in case of KO.

KO has lost the support around 58 level.

C corrective wave is usually inverse 161.8% of B wave, which is about 50 for KO.

Comments

burningcashrehab

⋅ Oct 5, 2023 9:45 PM

nice call!!